$SNNC $DRNK SIBANNAC, INC. PROVIDES FINANCIAL AND
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Posted On: 12/02/2021 9:59:02 AM
$SNNC $DRNK SIBANNAC, INC. PROVIDES FINANCIAL AND OPERATIONS UPDATE
https://www.globenewswire.com/news-release/20...PDATE.html
Scottsdale, Arizona, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Sibannac, Inc. (OTC Pink: SNNC), a Nevada corporation (the “Company”), announced the following:
Sibannac has made great strides in 2021. With the addition of Eric Stoll and Lifetime Branding, the Company has seen a 100% increase in our share price over the last 12 months. In the new year, management will be focused on growing our white label manufacturing operations, as well as bringing our new brand to life and engaging with the public.
Transactions
The Company is currently discussing with its branding partner, Lifetime Branding, a debt forgiveness agreement to retire Lifetime’s $400,000 in fees for equity. Lifetime entered a similar agreement with NOHO, Inc. (OTC Pink: DRNK), as its founder Eric Stoll heads branding for both companies
The Company has returned 24 million shares to the treasury. These shares were previously held in reserve to secure a potential debt financing transaction that management declined to pursue as not in the best interests of the Company.
Operations
Following a recent reversal from its initial position, the DEA has conceded that the popular cannabinoid Delta-8 THC falls under the purview of the 2018 Farm Bill and should be treated as CBD. There are many opportunities for consumer and white-label manufacturing sales that the Company will be pursuing into next year. Currently, the Company can manufacture Delta-8 gummies and vape cartridges in its Scottsdale-based manufacturing facility.
Delta-8 THC is a hemp-based cannabinoid derived from compliant hemp under the 2018 Farm Bill. Delta 8, while a THC derivative, does not fall under the Controlled Substances Act as Marijuana, as long as it is derived from hemp containing less than .3% Delta-9 THC.
The Company will be announcing its new alternative wellness brand in Q1 2022. Significant development has been undertaken over the course of 2021 in developing the brand architecture and positioning, and the Company has been granted a Notice of Allowance from the U.S. Patent and Trademark Office.
The Company is committed to a sustainable brand focused on developing the finest products and providing unparalleled customer service to our consumers.
The Company will be opening its retail location in 2022 in the heart of downtown Scottsdale. The store will feature the brand’s core offerings and will serve as an interactive consumer product demonstration and marketing location.
To oversee manufacturing and logistics, both on and off premises, the Company has been fortunate to retain Eric Manfull to execute management’s vision and commitment to quality. Eric has overseen operations, warehousing, QA/QC and Engineering/Maintenance for several large manufacturing firms with 15 years of experience in the health and wellness industry.
He has overseen the production of more than 6,000 dietary supplement products and has formulated more than 100 products. Mr. Manfull served for over 22 years in the U.S. Navy, specializing in Maritime Engineering, Diving and Salvage and Surface Warfare & Naval Special Operations.
The Company will also be executing an awareness campaign beginning in the new year that will feature digital ads as well as physical billboard placement, in addition to interviews with the management team. For new investors, please see the NOHO, Inc. (OTC Pink: DRNK) shareholder call featuring a discussion with Sibannac’s CEO David Mersky, Lifetime’s Eric Stoll and Kevin Williams. Mr. Williams has been involved in several branding campaigns on behalf of leading brands in the herbal and natural supplement space: Event recording
https://www.globenewswire.com/news-release/20...PDATE.html
Scottsdale, Arizona, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Sibannac, Inc. (OTC Pink: SNNC), a Nevada corporation (the “Company”), announced the following:
Sibannac has made great strides in 2021. With the addition of Eric Stoll and Lifetime Branding, the Company has seen a 100% increase in our share price over the last 12 months. In the new year, management will be focused on growing our white label manufacturing operations, as well as bringing our new brand to life and engaging with the public.
Transactions
The Company is currently discussing with its branding partner, Lifetime Branding, a debt forgiveness agreement to retire Lifetime’s $400,000 in fees for equity. Lifetime entered a similar agreement with NOHO, Inc. (OTC Pink: DRNK), as its founder Eric Stoll heads branding for both companies
The Company has returned 24 million shares to the treasury. These shares were previously held in reserve to secure a potential debt financing transaction that management declined to pursue as not in the best interests of the Company.
Operations
Following a recent reversal from its initial position, the DEA has conceded that the popular cannabinoid Delta-8 THC falls under the purview of the 2018 Farm Bill and should be treated as CBD. There are many opportunities for consumer and white-label manufacturing sales that the Company will be pursuing into next year. Currently, the Company can manufacture Delta-8 gummies and vape cartridges in its Scottsdale-based manufacturing facility.
Delta-8 THC is a hemp-based cannabinoid derived from compliant hemp under the 2018 Farm Bill. Delta 8, while a THC derivative, does not fall under the Controlled Substances Act as Marijuana, as long as it is derived from hemp containing less than .3% Delta-9 THC.
The Company will be announcing its new alternative wellness brand in Q1 2022. Significant development has been undertaken over the course of 2021 in developing the brand architecture and positioning, and the Company has been granted a Notice of Allowance from the U.S. Patent and Trademark Office.
The Company is committed to a sustainable brand focused on developing the finest products and providing unparalleled customer service to our consumers.
The Company will be opening its retail location in 2022 in the heart of downtown Scottsdale. The store will feature the brand’s core offerings and will serve as an interactive consumer product demonstration and marketing location.
To oversee manufacturing and logistics, both on and off premises, the Company has been fortunate to retain Eric Manfull to execute management’s vision and commitment to quality. Eric has overseen operations, warehousing, QA/QC and Engineering/Maintenance for several large manufacturing firms with 15 years of experience in the health and wellness industry.
He has overseen the production of more than 6,000 dietary supplement products and has formulated more than 100 products. Mr. Manfull served for over 22 years in the U.S. Navy, specializing in Maritime Engineering, Diving and Salvage and Surface Warfare & Naval Special Operations.
The Company will also be executing an awareness campaign beginning in the new year that will feature digital ads as well as physical billboard placement, in addition to interviews with the management team. For new investors, please see the NOHO, Inc. (OTC Pink: DRNK) shareholder call featuring a discussion with Sibannac’s CEO David Mersky, Lifetime’s Eric Stoll and Kevin Williams. Mr. Williams has been involved in several branding campaigns on behalf of leading brands in the herbal and natural supplement space: Event recording
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